Active

344 TWEEDSMUIR AVENUE

Ottawa Ontario, K1Z5N4

$1,298,800


Active

4 Beds

2 Baths

Residential

Built in 1904

 Courtesy of RIGHT AT HOME REALTY 

Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged (id:41202)

1377265

MLS ID

March 25, 2024

Listed

May 9, 2024

Updated

Map

344 TWEEDSMUIR AVENUE
Ottawa Ontario, K1Z5N4

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

2


Floor Description

Hardwood, Tile


Fireplace

No


Cooling

Yes


Cooling Description

None


Heating

Yes


Heating Description

Radiant heat, Natural gas

Exterior/Building Features

Sewer

Municipal sewage system

Other Property Details

Garage

Yes


Parking Total

3


View

No


Pool

No

Courtesy of RIGHT AT HOME REALTY, Henga Nayeri,
Listing Contact: (613) 407-7040 

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